Saudi Arabia is world-class destination for mining investments: minister

Saudi Arabia is world-class destination for mining investments: minister

SYDNEY — Saudi Arabia’s Deputy Minister for Mining Affairs Eng. Khalid Al-Mudaifer said that the Kingdom had become a world-class destination for mining investments. He made the remarks while addressing ‘Invest Saudi’ session at the International Mining and Resources Conference (IMARC), Australia’s leading mining industry event, here on Thursday.

The Saudi delegation attending the three-day conference is headed by Minister of Industry and Mineral Resources Bandar Alkhorayef. The delegation included senior officials from the Ministry of Investment, National Industrial Development and Logistics Program (NIDLP), Saudi Industrial Development Fund (SIDF), and the Saudi Geological Survey (SGS).

The conference is being held in the wake of Saudi Arabia’s efforts to establish mutually beneficial partnerships with Australia and other major mining sector stakeholders to support the world in accessing the country’s $1.3 trillion worth of high-demand minerals.

In his speech, Al-Mudaifer stated that a key objective of Saudi Arabia’s Vision 2030 was the diversification of the Kingdom’s economy, spreading sustainable development to all regions of the Kingdom, and creating quality job opportunities for the Kingdom’s young generations. “Developing the Kingdom’s mining sector and the related industries and services, opening them for national and foreign investments, is a pivotal part of realizing KSA’s Vision 2030,” he said.

Al-Mudaifer